German Inflation Rate Confirmed at 0.3% in June

Consumer prices in Germany rose 0.3 percent year-on-year in June of 2016, following a 0.1 percent rise in May and matching preliminary estimates. While cost of energy fell at a slower pace, cost of services rose further.

Cost of goods as a whole fell by 0.8 percent, following a 0.9 percent drop in the preceding month. Cost of services rose 1.4 percent in June from 1.2 percent in a month earlier. Among goods, lower prices were recorded for coffee, tea and cocoa (-3.7 percent, including unground coffee: -5.4 percent). In contrast, prices rose for newspapers and periodicals (+4.3 percent), tobacco products (+4.6 percent) and jewelry, clocks and watches (+5.8 percent). Among services, higher cost were seen for net rents exclusive of heating expenses (+1.1 percent), social facilities (+3.8 percent), insurance services (+2.3 percent) and transport services (+1.8 percent). In contrast, prices were down for telecommunication services (-1.6 percent).

On a monthly basis, consumer prices rose 0.1 percent, following a 0.3 percent increase in May and in line with expectations. Energy prices rose 1.2 percent, slowing from 1.6 percent in the preceding month. Prices went up both for heating oil (+5.2 percent) and motor fuels (+2.7 percent, including supergrade petrol: +2.6 percent, diesel fuel: +3.6 percent). Prices of package holidays also up by 4.3 percent, including those to foreign destinations: +4.6 percent. In contrast, prices fell by 0.4 percent for food with price decreases were recorded especially for vegetables (-1.8 percent) and dairy products and eggs (−1.6 percent). Noticeable month-on-month price decreases were also observed for clothing (-4.1 percent).

The harmonized index of consumer prices (HICP) rose 0.2 percent from a year earlier after remaining unchanged in May. On a month-on-month basis, the index rose 0.1 percent, slowing from 0.4 percent in the preceding month.

Destatis l Rida Husna | rida@tradingeconomics.com7/12/2016 7:49:42 AM

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Germany Inflation Rate at 7-Month High
Consumer prices in Germany are expected to increase 0.7 percent year-on-year in May, following a 0.5 percent rise in the previous month and in line with market expectations. Energy cost fell at a slower pace while prices of services and food accelerated.Published on 2015-06-01

German Inflation Continues to Rise in April
Consumer prices in Germany rose by 0.5 percent in April 2015 compared with the same month in 2014 as an increase in cost of food and services offset a decline in energy prices.
Published on 2015-05-13

German Inflation Rate Edges Up in April
Consumer prices in Germany are expected to increase for the third straight month by 0.4 percent year-on-year in April, following a 0.3 percent rise in the previous month. Figures came in line with market expectations as food and energy prices decreased at a slower pace.
Published on 2015-04-29

German Inflation Confirmed at 0.3% in March
German annual inflation was recorded at 0.3 percent in March of 2015, following a 0.1 percent increase in the previous month, as prices of energy and food declined at a slower pace.
Published on 2015-04-15

German Inflation Rate Up to 0.3%
Consumer prices in Germany are expected to rise 0.3 percent year-on-year in March, following a 0.1 percent increase in the previous month, as food and energy prices decreased at a slower pace.
Published on 2015-03-30